Product Description

This text provides a rigorous treatment of contemporary methods used in microeconometric research. The book makes clear that applied microeconometrics is about the estimation of marginal and treatment effects, and that parametric estimation is simply a means to this end. It also clarifies the distinction between causality and statistical association. The book focuses specifically on cross section and panel data methods. Population assumptions are stated separately from sampling assumptions, leading to simple statements as well as to important insights. The unified approach to linear and nonlinear models and to cross section and panel data enables straightforward coverage of more advanced methods. The numerous end-of-chapter problems are an important component of the book. Some problems contain important points not fully described in the text, and others cover new ideas that can be analyzed using tools presented in the current and previous chapters. Several problems require the use of the data sets included with the book.

Product Details

• Amazon Sales Rank: #196642 in Books
• Published on: 2002-01-02
• Original language: English
• Number of items: 1
• Binding: Hardcover
• 776 pages

The Times Higher, 31 May 2002
"This is a book that I expect to find extremely valuable for reference in research contexts, and it should also be a first-rate basis for teaching."

Customer Reviews

Gold-standard
Wooldridge, as it is known to Econ grad students, is the gold standard of cross-section and panel data econometric theory and practice. At the core of many grad student courses on Cross section and panel data you become familiar with this text and with Wooldridge's particular way of describing, assessing and answering problems. Do not go near this book unless you have a decent background in statistics or econometrics of some sort, maybe look at Wooldridge's Introductory Econometrics as a starting base, or to brush up, or to get explanations of concepts that are often defined very formally and not at all intuitively in this advanced text.

Greene's Econometric Analysis complements Wooldridge well, and is often the baseline before Wooldridge in many courses. In Greene's 6th Edition there is a new and comprehensive discussion of Panel Data techniques as well as an easier discussion of Asymptotics that can help those who struggle with some of the concepts in Wooldridge.